How To Register a Group Company in Nigeria

According to the Companies and Allied Matters Act (CAMA), a Group company comprises of three or more associated companies with common ownership. These companies become the shareholders of the distinct “Group” company. The law prohibits the use of the word “Group” in the name of a company except the requisite consent of the Registrar General of the Corporate Affairs Commission (CAC) is sought and gotten.

Requirements for a the registration of a group Company:

1. Make a formal application to the Registrar General for consent to use of the word “Group”
2. There must be evidence of a minimum of three (3) or more associated companies to form the Group Company, which will be the distinct entity.
3. Evidence of similar names of associate companies with common shareholders and ownership.
4. There must be a resolution of the associate companies indicating consent to the “Group” relationship.
5. The updated Annual Returns of all associate companies must be provided.
6. Evidence of Company secretary of associate companies.
7. Statement by the proposed Group Company that the share capital shall not be less than the highest share capital amongst the associate companies.
8. Evidence of compliance with S.553 CAMA where applicable.
9. The Consent letter should state the names of companies to be part of the group

Upon obtaining the Consent, the Applicant can go ahead to register a new company with the same procedure for the registration of a new company.

Team 618 Bees

618 Bees can quickly and easily help you register a Group Company in Nigeria. Log on to our website www.618bees.com or email hello@618bees.com, or give us a call on +2349017190079. 618 Bees will complete your application with the Corporate Affairs Commission (CAC).

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